More uncertainty remains for the euro. "Looking into the fourth quarter, there is significant downward pressure," says Jens Nordvig, global head of G-10 currency strategy at Nomura Holdings . "We could be testing the lows from 2010."

"Looking into the fourth quarter, I think there is significant downward pressure," he told CNBC's Scott Wapner.

Nordvig says Nomura is pretty much issuing month to month forecasts since the situation in Europe is so fluid.

"These are unprecedented times in Europe and we should be ready" for more weakness in the euro, he adds.

You can watch the whole discussion in the videotape.

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